Spot Truckload Freight Rates Improve During First Week of May
Spot truckload freight rates moved higher in all three categories over the past week, according to the freight matching services provider DAT Solutions, amid an increase in loads and a decline in truck capacity.

Spot market freight rates have improved to start the month of May.Source: DAT Solutions
Spot truckload freight rates moved higher in all three categories over the past week, according to the freight matching services provider DAT Solutions, amid an increase in loads and a decline in truck capacity.
The number of spot market loads on the DAT network rose 1.3% and truck posts fell 1%, reflecting stronger shipper demand for the week ending May 5, according to DAT.
National average rates, which include fuel surcharges, for all three equipment types responded and shifted higher compared to the previous week as the average cost of diesel moved up just 0.3% to $3.17 per gallon.
Van: $2.18 per mile, up 2 cents over the past week and 48 cents higher than a year ago.
Flatbed: $2.72 per mile, up 7 cents. This is the highest flatbed rate ever recorded by DAT.
Refrigerated: $2.48 per mile, up 6 cents. This rate is 5 cents above the April average and 51 cents higher than a year ago.
Further recapping the month of April, spot truckload freight availability was 3.9% higher compared to March and 100% higher year-over-year. Available truck capacity increased 2.2% compared to March and 7.5% compared to April 2017.
Van load posts increased 1% last week while van posts increased 3%. That caused the van load-to-truck ratio to gain 1% to 6.2 to 1. Key markets include:
Los Angeles: $2.42 per mile, up 7 cents on a 2.8% increase in volume
Memphis: $2.67 per mile, up 9 cents with a 3.3% volume increase
Also, several van lanes showed improved rates:
Memphis to Columbus, Ohio: $2.76 per mile, up 19 cents
Atlanta to Philadelphia: $2.95 per mile, up 14 cents
Charlotte to Buffalo: $2.94 per mile, up 17 cents
Nationally, the level of flatbed load posts was unchanged while truck posts declined 3%. The flatbed load-to-truck ratio increased 3% to 111 to 1, which ties the record set during the first week of April. The flatbed load-to-truck ratio has been above 100 to 1 for six weeks in a row.
Reefer load posts increased 10% while truck posts declined 2%, which sent the national reefer load-to-truck ratio up 12% to 9.2 loads per truck. With produce harvests heating up, there were sizeable gains in average outbound rates in three major reefer markets over the past week.
Los Angeles, $3.02 per mile, up 11 cents
Miami, $3.06 per mile, up 59 cents
Lakeland, Florida, $2.43 per mile, up 40 cents
More Fleet Management

Fewer Cargo Thefts, Bigger Losses: Criminals Target Higher-Value Loads
CargoNet says organized theft rings are stealing fewer shipments but choosing more valuable freight, including metals and technology, resulting in record losses.
Read More →
How Innovative Trucking Leaders Turn Change Into an Advantage
As the pace of change accelerates in trucking, the fleets that adapt best have more than the latest technology. They have cultures that embrace improvement.
Read More →
Freight Broker Bonds Just Got Harder to Get. Here's What That Means for Your Fleet.
When it gets harder for a freight broker to prove they are financially sound, the ones who cannot clear that bar get pushed out of the market. And those are exactly the brokers who used to leave motor carriers holding the bag.
Read More →
Long-Awaited Canadian Border Bridge to Open in Detroit
For trucking, the bridge opening should offer immediate improvements in efficiency and reliability, with new customs facilities, expanded inspection capacity, and direct freeway-to-freeway connections.
Read More →
Aurora Rolls Out Next Generation of Driverless Trucks for Commercial Freight
Aurora's latest autonomous trucks it's rolling out with International feature lower-cost hardware designed for a million miles as the company expands commercial driverless freight operations across the U.S. Sun Belt.
Read More →
Freight Tonnage Down, Rates up, as Lower Capacity Powers Trucking Recovery
The recovery from the freight recession continues to be driven by reduction in capacity rather than by increased demand.
Read More →
Think Your Trucking Fleet Isn't Using Much AI? Think Again
Shadow AI — the use of unauthorized artificial intelligence tools at work — is becoming increasingly common, putting sensitive company data at risk. Learn how trucking fleets can protect sensitive data while embracing AI.
Read More →
ArcBest Consolidates Brands, Cuts Workforce
The company will bring three business units under the ArcBest brand, eliminate about 2% of positions, and expects the changes to generate $40 million in annual savings.
Read More →
Trucking Fleets Faced Record Operating Costs During Third Year of Freight Recession
ATRI's annual operational cost report shows carriers trimmed fleets, delayed equipment purchases, and ran older trucks as expenses continued to outpace freight rates.
Read More →
Michelin Adds AI Assistant to MyConnectedFleet Platform
Michelin’s new generative AI tool delivers instant fleet insights, helping managers analyze fuel use, tire maintenance, vehicle status, and operational performance without manually creating reports.
Read More →
